The following financial statements and additional information are reported. Additional Information

a$.$ A $$30,000$ notes payable is retired at its $$30,000$ carrying $($book$)$ value in exchange for cash.

b$.$ The only changes affecting retained eamings are net income and cash dividends paid.

c$.$ New equipment is acquired for $$59,600$ cash.

d$.$ Received cash for the sale of equipment that had cost $$50,600,$ yielding a $$2,200$ gain.

e$.$ Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement.

f$.$ All purchases and sales of inventory are on credit. Required information$(2)$ Compute the company's cash flow on total assets ratio for its fiscal year $2021.$

$\backslash$table$[[,$Cash Flow on Total Assets Ratio,,$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Cash Flow on Total Assets Ratio$],[$Financing cash flows,$1,$Accounts receivable, net,$=,$Cash flow on total assets ratio$],[,1,,,]]$